Property profile

2341 John Hawkins Pkwy Hoover, AL 35244

OFF-MARKET
Retail space
Property ID
US03-0585502
24,001 SF 2.55 ac lot Built 2004
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Lake Crest Plaza, located at 2341 John Hawkins Parkway in Hoover, Alabama, presents a compelling opportunity for businesses seeking high-visibility retail, office, or restaurant space. This 22,072 square foot, multi-tenant property sits on a 2.61-acre lot and was constructed in 2004. The building's traditional office and storefront subtypes offer versatile options for various business needs. Its strategic location directly on Highway 150/John Hawkins Parkway ensures excellent exposure to a high volume of traffic. The recent widening of Highway 150 to four lanes further enhances visibility and accessibility. Lake Crest Plaza benefits from its proximity to thriving residential areas, including Ross Bridge, Lake Cyrus, and Lake Crest subdivisions, creating a strong customer base. The property's convenient location is also less than a minute away from a Super Target shopping center and a new emergency room building, adding to its appeal and attracting significant foot traffic. This well-established neighborhood shopping center offers a unique opportunity to establish or expand a business in a prime Hoover location within the Shades Crest submarket cluster of Jefferson County. The property's size and configuration make it ideal for a variety of uses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Total area 24,001 SF
Lot 2.55 ac (110,947 SF)
Zoning code I3
APN 39-00-28-3-000-001.006
UPID US03-0585502

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2341 John Hawkins Pkwy Hoover, AL 35244-3503
Hoover metro Census 14414 BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.16M
Comparable Approach Comparable
$3.98M
Blend (final) Blend
$390k

Owner & transaction history

since 2015
2 recorded transactions
2026
Price N/A
2015
$4.0M

Zoning & alternative use

I3 · Hoover, AL
Top alternative use upside
Restaurant $6.1M +166.0%
Apartment house (5+ units) $4.8M +107.1%
Office building $4.0M +73.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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